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<br />Request for Action <br /> <br /> <br /> <br /> <br /> <br />To Item Number <br />Mayor and City Council 8.3 <br />Agenda Section Meeting Date Prepared by <br />General Business February 1, 2021 Cal Portner, City Administrator <br />Item Description Reviewed by <br />Pinewood Golf Course Sale Offer <br />Reviewed by <br /> <br /> <br />Action Requested <br />Direct, by motion, staff to coordinate a purchase agreement for the sale of Pinewood Golf Course. <br /> <br />Direct, by motion, staff to provide notice to Elk River Golf Course of intent to terminate service agreement. <br /> <br />Background/Discussion <br />The city has been made aware of a party interested in purchasing Pinewood Golf Course with the intention to <br />continue to operate as a golf course. <br /> <br />Staff was given direction regarding a purchase price to negotiate and has come to a tentative agreement. The city <br />legal counsel is drafting a purchase agreement pending Council direction to sell the course. <br /> <br />The city does have an agreement with the Elk River Golf Club for course operations which requires a 120-day <br />notice to terminate. <br /> <br />Financial Impact <br />N/A <br /> <br />Mission/Policy/Goal <br /> The Elk River Vision <br /> <br />Attachments <br /> None <br /> <br /> <br />The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional <br /> <br />service, and community engagement that encourages and inspires prosperity. <br /> Updated: August 2020 <br />